Sec. 57.42. REINSURANCE

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The corporation may enter into an agreement with the United States Department of Education for reinsurance against loss under the loan program due to death, disability, or default of the borrower.

Added by Acts 1979, 66th Leg., p. 1711, ch. 706, Sec. 1, eff. Aug. 27, 1979. Amended by Acts 1991, 72nd Leg., ch. 450, Sec. 7, eff. Aug. 26, 1991.

                    
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